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[QUOTE]Originally posted by jmichael7: [QB] hi again will bellow is a message that i sent out to some of our 'top guys' or key players in the group.. this is the only board it well be posted on.. just would like for it to be recorded... thanks jm ---------------------------------------------------------------- hello xxxxx.. thought i'd run this by you.. as you know ideally we are looking for strong vol. first day runners that will most likely close HOD k so.. i 've been doing some studing on this style of trading and it's simply been amazing some of the gems of knowledge i have found. ..not planning to share everything with all, however the more of us 'in the know', who will focus together with the same common goal.. imo the quicker we'll be able to nail down & all take advantage of these Biggest Winners out there Daily!! to me 1 Big Win 'every day' is sufficient, just that's exactly it.. must be consistant, that is key.. by working together ofcourse this will put us in at best possible entry on those plays which we come to agreement.. as one say it, "The harder i work.. The luckier i get!" hhaha... k so.. back to what i wanted to share lol.. the most profound thing that i've learned which i am convinced will help us greatly is the rule of 40% & 50% retracement levels on the 5, 15, & 30 min. intraday charts.. this rule says that a stock proforming well which only gives back 40% or less of its gains on the first major shake is considered extremely strong and has a high probability of becoming the 50% level of that days overall gains.. here's an example on a 5 min. chart of OXFV from this past week.. pls. excuse the pic.. was taken externally from my computers' monitor but is enough i feel to get the point across.. i drew us a few lines to demonstrate this.. the much bolder red line in the center is at 50% of Thursdays' over-all gains.. [URL=http://imageshack.us] [IMG]http://img385.imageshack.us/img385/7969/oxfvintraday3uq.jpg[/IMG][/URL] ..now just above that you'll find the magical 60% retracement line ;0) ..ofcourse i'm not asking any and everyone to spend countless hours digging.. scanning.. and charting.. i'll do that.. just bring me the top performing plays that You happen to see usually during trading hours and we'll have a look.. fair enough?! imo we all need each other to make it and Together we can make it Big!! Joseph jmichael1974 (yahoo) [/QB][/QUOTE]
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